SEE:CapitaLand's revamp paves way for Singapore developers to follow
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Moreover, CLIM would be less susceptible to property cooling measures, which tend to be more targeted at the residential sector, it adds. “Although the Covid-19 pandemic has impacted CapitaLand’s operations, we believe its strong balance sheet and diversified portfolio puts it in a better position to drive a recovery ahead, while capital recycling activities are also expected to resume in a more meaningful way,” the OCBC research team writes in a March 22 note. As at 2.31 pm, CapitaLand was up 45 cents or 13.6% at $3.76 with 74.9 million shares changed hands.